Stockdale Capital Partners buys Sugar Land office buildings

Stockdale Capital Partners has purchased a pair of office buildings in Sugar Land as it targets acquisitions in the Houston area.

The Los Angeles-based investment firm has purchased the 409,168-square-foot Sugar Creek I and II buildings from Granite Properties and MetLife. The red brick buildings are on South Dairy Ashford at U.S. 90.

The office space is 96.1 percent occupied, with Noble Corp. among its tenants. Onsite amenities include a fitness center, banking, a deli, business conference rooms, 24-hour security and day porters.

“We are excited to make this substantial investment in Sugar Land,” Steven Yari, managing principal of Stockdale Capital Partners said in an announcement. “The city is on a very impressive growth trajectory and we believe Sugar Creek I & II will be a direct beneficiary of that growth.”